Halo Financial

[airedale]

My daughter has just sold a house in the UK and will repatriate the money back to NZ. She has heard of Halo Financial Ltd, which appears to be a NZ company offering free currency transfers for sums over $ 50,000.
Halo also offers a daily currency email, and FX dealing. The Dealing Director is Sam Stanley.
Does anyone have any info on Halo at www.halofinancial.com (http://www.halofinancial.com)

[arco]

A

I havent heard of them but I also havent heard any bad news about them.

Their testimonial page looks promising.

http://www.halofinancial.com/testimonials/

arco

[Jay]

Don't know anything about them, but why would they want to do it for free.
Must be catch somewhere, or is it only if you are a client of theirs??
Don't always believe testimonial pages, anyone could write it.

Advantages - much better rate looking at their blurb
Can see a need if your have regular income from overseas - that looks like a good option.

[peat]

It seems a bit vague to me what their service is exactly.... yes theres plenty of words but other than doing the deals and the mechanics of the money flow (which admittedly is a bit more complicated when they must be physically settled) then I just thought it was a way of getting repatriation monies involved in speculation
Their contract options page didnt even offer actual 'options' which to my mind would be a valuable service if I was moving real money.
But I could be being cynical.
(Who me?)

[airedale]

After doing a bit of research, it appears that major bank charges are around NZ$ 10-20 at each end of the transaction. So not a major consideration if one is moving say, $200,000. I will advise the daughter to stick with a bank for peace of mind.